​Income inequality narrows… very slightly

by Jamie Henry18 Nov 2014

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​Income inequality narrows… very slightly

New figures from Statistics Canada show that the country’s top earners received slightly less in 2012. The top 1 per cent of earners took 10.3 per cent of all income in the year; down from 10.6 per cent in the previous year. In the same period the top 1 per cent in the US took 19.3 per cent of all income. The analysis of incomes for 2006-2012 also shows that for the first time in 30 years the bottom 90 per cent of earners received a greater share of the income; 65.1 per cent in 2012 up from 63.9 per cent in 2006.